Funding
Funding not disclosed
Founders
Product
Problem
Many Muslims lack access to investment platforms that align with their religious values, requiring them to navigate conventional financial systems that may not adhere to Sharia principles. This limits their ability to grow wealth ethically and participate in the global economy in a way that is consistent with their faith.
Solution
COCOA Invest is a fintech platform that provides Sharia-compliant investment services through a mobile application, enabling Muslims to invest in diversified portfolios that align with Islamic finance principles. The platform offers a range of investment plans utilizing certified halal products, including stocks, sukuks (Islamic bonds), real estate, and commodities, managed by a team of investment professionals. COCOA Invest automates the investment process, monitoring and adjusting portfolios to keep users on track toward their financial goals while adhering to ethical and religious guidelines. Users can start investing with a minimum of $100 and can withdraw or deposit funds at any time without penalties.
Target Audience
The primary target audience is the global Muslim population seeking Sharia-compliant investment opportunities and ethical wealth management solutions.
Features
- Mobile app for iOS and Android, providing easy access to ethical investment plans
- Diversified portfolios constructed with 100% Sharia-compliant investments
- Automated portfolio management, monitoring, and rebalancing by experienced investment managers
- Risk assessment to build personalized investment plans based on user's comfort level
- No lock-in periods, allowing users to withdraw or deposit funds anytime
- Low fees, with a management fee ranging from 0.29% to 0.99% per year based on investment value
- Secure platform with 256-bit TLS encryption to protect personal information
- Custodian bank to safeguard user's money and assets separately